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20130714
Search Results 0 to 11 of about 12 (some duplicates have been removed)
slashed their estimate of the budget deficit for this fiscal year by $214 billion to $759 billion. here are the latest market figures. >>> there's a strong typhoon on the way to southern okinawa, japan. rch r rachel ferguson is here with that. >> we've been tracking this system as it heads west towards okinawa. this is it right now. you can see that eye being quite clearly defined in the cloud just there. so this is actually a pretty strong storm and it is building in strength as well. it's already what we call a strong typhoon here in the west pacific, maybe if you are more used to the south hurricane scale, it would be a category 1. and we're looking for it to actually intensify to a category 2, that's on the hurricane scale, by the next wednesday, thursday, the next couple of days as it heads further towards the west. now, also in the line of fire is going to be taiwan. so this system certainly going to be in our news into the weekend currently moving west at 20 kilometers an hour. the winds are sustained at 144 kilometers an hour with wind gusts now at 216. so it is really a powerfu
's highest growth rate. latvia's load national debt and low budget deficits helped to brain injury to the currency bloc, but some have criticized tax policy. the country has been attracting many investors from eastern europe with its low tax rates. >> that's great for real tax havens and after cyprus collapsed, latvia is ready to follow in its footsteps -- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and strength. >> onto the markets now, and while the expansion of the eurozone is seen as good news, it was the strong start to earnings season in the united states that prompted investors to send shares to their highest levels in a month. our correspondence sent us this summary of the tuesday trading session in frankfurt -- our correspondent sent us the summary. >> just today, the euro dropped to the lowest level since the beginning of april. one reason is, of course, that the u.s. economy is coming out of the doldrums a bit better than the eurozone, which, for a large chunk, is still
. there are fears the country's thant deficit is far worse previously estimed. stability is key to a revival. >> from my point of view, we have the demonstrations to get the economy [indiscernible] hoping to get into a common opinion everyone agrees about. will not encourage foreign investment or political trust. it is not the atmosphere for free and fair elections. the army is surrounding the protesters encampments. unless a compromise is agreed soon, more violent confrontations looked likely. and that is the concern now with forces in deadlock and confrontationnd calls for what the muslim brotherhood calls and intifada, all the risk of more violence at a time when tensions are already running high. on the other side of cairo in tahrir square, people have been gathering that with a very different message, saying the military had to act last week to restore the revolution. now, are competing camps trying to reclaim the mantle of the revolution while all the while concern grows for future stability here in egypt. we will keep an eye on all of the developments. anin the immediate future, inves
that has delivered on some reforms. also on spending cuts. even though the deficit targets have been revised twice because of these appointments on the tax revenue side. so with a new chief negotiator of the troika program keen to see some changes to the adjustment portugal is to go through, whether the reform momentum will be maintained is a key focus of financial markets. >> yeah. is that the key? while you've moderated your view on portuguese debt from bullish to neutral? >> yes. that's exactly right. we are more cautious at this stage. that is a theme that goes beyond portugal. but when it comes to the specifics of politics and policy in this country, we moderated our view because of domestic political concerns. because of possible developments, not necessarily in the right direction, when it comes to the reform momentum. and also -- finally because of external factors such as a rise in core -- because of fears of early fed tapering. >> do you think what we saw last week in portugal was just the cds playing politics in terms of trying to soften the terms? or how big is the risk o
" says this year's deficit forecast has shrunk. deficit expected to be $759 billion. that's $214 billion less than previously forecast. part of the reason the massive automatic spending cuts that kicked in march 1st. >>> "wall street journal" says americans are keeping up with their credit card bills. the rate of people falling behind has dropped to the lowest level in two decades. experts say debt is down and wealth is up. >> charlotte observer said singer randy travis is hospitalized in critical condition with heart problems. the 54-year-old is treated for a heart ailment caused by a virus that can cause heart failure. >>> a scene of chaos in canada. flash flooding dumped a record amount of rain nearly four inches around toronto. 300,000 customers lost power. the subway system was shut down and may not be back at full strength today. 1400 commuters were trapped four hours until early this morning. they had to be rescued after their train filled with gushing water. police and firefighters used small inflatable boats to free them. forecasters saying more th
that greece has been sitting on the back sides doing nothing. their structural deficit at the start of the crisis was 10% of gdp and now virtually at zero. the problem is they have got to move to get something like a structural surplus of 5% if they're going to get their debt coming down. lots more to do. and with the politics as it is, it is always going to be a challenge. >> the right plan. is the medicine still the right medicine or not? >> i think the difficulty is for countries like greece and portugal who need to go to the rest of the eu to fund themselves, it is difficult for them to say, well, do it a little bit more slowly. whenever they do their fiscal tightening more slowly, it means someone else has to stump up the cash and that's germany. we know they're up against the limits of how much they're prepared to give. i think there are other countries in europe, germany, the uk, where perhaps fiscal austerity could be scaled back a little bit and leave a policy like the u.s. would probably be helpful. i think for the periphery countries, it is much more difficult, because th
it will will make the budget deficit. all of those problems will come back up. i think it will be a problem for the euro, so in my opinion, the dollar will make fresh yearly looi highs as we go forward. >> boris, is the most important thing what we hear from the fed? the fed minister released on wednesday. will give us insight as to what was said around the table. >> i this i the bharkt will be focused, not so much on what bernanke says what the hawks are saying. the they are feeling. if they give the market an inkling september is a tapering period that, will give the dollar moore of a boost. out of the u.k. telegraph, they said like the holy empire, omt was neither outright, nor monetary more transactional. bcb is floating the euro on its rhetoric, nothing more. i think that will hurt the euro as we go forward. >> that's a great point kevin, let's talk oil price, they have been concerned with egypt, concerns about an egypt story, how much is the stronger economic numbers? >> well the stronger economic numbers are a part of the false bull story. maybe bulls in rose colored glasses is what
that hacked into iran's nuclear program. >>> and "the washington post," the deficit has shrunk. expected to be $759 billion. part of the reason is the massive spending cuts that kicked in march 1st. >>> "the wall street journal" says people are keeping up with credit card bills. rate of people falling behind has dropped to lowest level in two decades. debt is down and wealth is up. >>> and the charlotte observer says randy travis is hospitalized in critical condition with heart problems. the 54-year-old is treated for a heart ailment caused buy ay a virus. >>> and flash flooding in toronto, 300,000 customers lost power. the subway system was shut down and may not be back at full strength today. 1400 commuters were trapped for hours until early this morning. they had to be rescued after their train filled with gushing water. rescuers used inflatable boats to fry to free them. more thunderstorms today. >>> and a fast-moving tropical storm threatening the caribbean. it intensified overnight. it could be at hurricane stre >> announcer: this national weather report sponsor
to the deficit. we also just went through the process of sequestration, something that the president and his administration passed, both the senate and the house to compromise, in the sense if they could not reach acceptable cuts, it will go into effect. it went into effect and as a result the government trimmed its budget by $85 billion. the bill as it stands now that the senate has proposed, i believe the 20,000 border guards, which would not come into effect until i think 2021 would cost at least 40 billion dollars. and i think for republicans, they have to see the trees through the forest. they should not be intimidated by the democratic party, the minority party in the house, and they should not be intimidated by the mainstream media that continues to carry their water. this country desperately needs leadership. what it should say is, we will support immigration but we reject the hundred million dollars from las vegas. there are many things objectionable that i think to both democrats and republicans. this is the opportunity for the republican party today. host: can i ask you a follow-u
. then there's going to be a deficit. the chicks come home to roost after the mid term election. mine is going to be coming in and out and no one will be upset until after the mid terms. >>steve: the government says there will be better verification someday. but right now because they've got to get things going, no verification. be truthful, america. >>brian: 24 minutes before the top of the hour. quick look at the world of sports. patriots fans are done with aaron hernandez. more than 1,200 showed up at the patriots pro shop to trade in their hernandez. shop said they can turn in their jerseys. the team took all hernandez memorabilia off the sh*els. nasp car stars turned in their racing stripes for a hard hat. darrell waltrip was among the driver who raised the massive race. trevor bane won the chance to break ground at the speedway's redevelopment project. congratulations. >>> she may be a wimbledon champion but that doesn't mean she's getting much respect. >> i wonder if her dad did say to her when she was 12, 13, 14 maybe, listen, you're never going to be a looker. >>brian: a bbc radio ann
Search Results 0 to 11 of about 12 (some duplicates have been removed)